January 17th 2010

Promoting your product from Advertising

Advertising can cost a few bucks per week, or thousands per day, depending on the size of the advertisement, the method and the media you choose. Many very small businesses reject the idea of advertising as being too expensive, before they have looked carefully into the matter — and that can be a mistake, because a thoughtfully constructed advertisement in the right publication can have a powerful impact for the small business. Continue Reading »

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January 17th 2010

Planning Your Business Market

Marketing is a key ingredient to the success of any business — big or small. But it means far more than just selling your product or service. Marketing activities encompass planning your product or service, then pricing, promoting and placing (or distributing) that product or service in such a way as to keep your customers happy and your business profitable. Continue Reading »

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January 17th 2010

Close Corporation

A new development of recent years has been the close corporation. One of the main reasons this was passed by Parliament was to provide the most efficient legal structure for new and developing businesses, and to avoid the difficulties experienced by partnerships so far as liability is concerned. Continue Reading »

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January 17th 2010

Limited Liability Company

Another option in starting your business is as a limited liability company. This option, like that of a sole trader or partnership, also has its pros and cons. The main advantage of a limited company is that it has a legal ‘personality’ of its own, and is liable for its own debts, which in turn provides a limit on the liability of its directors. In effect, that means you will have a limited responsibility, in your personal capacity, for the debts of the company. Continue Reading »

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January 17th 2010

Sole Trader/Partnership

The simplest and easiest way for the very small business to operate is as a sole trader (if you are a one-person outfit), or, if you are going into business with a friend, as a partnership. The only difference between the two is that as a sole trader you conduct your business in your personal capacity and have sole responsibility, while partners in a business share equal responsibility. There are pros and cons to either of these operations, and you should be fully aware of them before you make a final decision on the legal structure of your business. Continue Reading »

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January 17th 2010

Protection of your Business, how many insurance to cover the risk?

There are many different types of insurance protecting various aspects of your business, some less obvious than others, but the following are some you should consider, depending on the specific circumstances of your own business: Continue Reading »

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December 13th 2009

Profitable Business Venture

A business doesn’t like something we can choose off easily the shelf like a can of beans. The most profit business for us to start up was not what everyone favorites and makes a lot of income. To be successful and profitable, a business has to be significantly unique and matching up the demand of the market.

Many people build successful business by doing the unique job. For instance, people who work as  health-based cleaning agent work as little as I know, but make four times income as I do. People used to be artist who started their own gallery may turn themselves down. People with no previous skills can easily start up health-based cleaning business and make a good profit.

Business I know that everyone can join in their profitable business venture is janitorial franchise. Continue Reading »

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December 12th 2009

Idea of Pricing a Product or Service

The first basic aspect to consider is pricing. This is difficult to get right. A key element of working out pricing is understanding your costs. Once you know your costs, you can use this as an element in the pricing calculation. Two types of costs are relevant here: Continue Reading »

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December 11th 2009

Alone with the best way to entertain yourself this holiday

Every year, I spent my own Christmas far away from home. Sometimes I think I love who I am and where I am. Single and alone in a strange foreign country isn’t anyone’s fault. But keep myself entertained is my best way to make myself happy.

I love gaming which my mom hated it so much. Home away and alone, it is my time to do more and more gaming. I found myself alive and excited. I don’t drive around desperately seeking something I couldn’t find it. It was just waste time and money. Continue Reading »

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December 7th 2009

Attention Business Traveler

I used to travel from city to city, because of my business. Business startup was always full of schedule. I had to travel around by myself and by my car. I didn’t travel by air because it was too expensive. I didn’t travel by bus, because it was too time consuming. Both of them were not time flexible for a small business owner. Continue Reading »

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